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Unemployment Rate Calculator







Formulas

The formulas used in the calculations are:

Labor Force=Employed+Unemployed

Unemployment Rate=(UnemployedLabor Force)×100

Labor Force Participation Rate=(Labor ForceAdult Population)×100

Description

This calculator computes the unemployment rate and labor force participation rate based on the input values of the number of people employed, number of people unemployed, and adult population.

Example Calculation

Let's assume the following:

Calculate the labor force:

Labor Force=5,500,000+750,000=6,250,000

Calculate the unemployment rate:

Unemployment Rate=(750,0006,250,000)×100=12%

Calculate the labor force participation rate:

Labor Force Participation Rate=(6,250,0007,250,000)×100=86.2%